ICICI Bank Limited Issues USD 750 Million Senior Unsecured Fixed Rate Notes
ICICI Bank Limited, acting through its IFSC Banking Unit, has issued USD 750 million in Senior Unsecured Fixed Rate Notes. This issuance is part of the bank’s larger USD 7.5 billion Global Medium Term Note Programme. The notes were priced at USD 1:39 a.m. IST.The debt instruments are designated as USD denominated Senior Unsecured Fixed Rate Notes and constitute a Category 2, 144A/RegS Registered drawdown under the bank’s global programme. The proceeds generated from the issue of these notes will be allocated to the Issuer for general corporate purposes in line with relevant regulatory guidelines.
The notes have a tenure of five years, maturing on August 21, 2031. These fixed rate instruments are unsecured and carry an interest coupon of 5.417%. Interest payments are scheduled for February 21 and August 21 each year up to the date of maturity.
The key details regarding the issuance are provided in the table below:
| Particulars | Details |
|---|---|
| Issuer | ICICI Bank Limited, acting through its IFSC Banking Unit |
| Size of the Issue | USD 750 million |
| Type of Securities | Senior Unsecured Fixed Rate Notes |
| Allotment Date | August 21, 2026 |
| Date of Maturity | August 21, 2031 |
| Coupon Offered | 5.417% |
| Charge or Security Created | Unsecured |
The notes are set to be listed on the Global Securities Market of the India International Exchange IFSC Limited, Debt Securities Market of the NSE IFSC Limited, and SGX-ST.
ICICIBANK Stock Price Movement
Shares of ICICI Bank are slipping by 0.52% as of 1:57 PM, trading down ₹7.40 to reach ₹1407.9. The stock has maintained a trading range throughout the session between a low of ₹1407.4 and a high of ₹1416.2.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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